1-800 WATER DAMAGE Franchisees Build Business With Targeted Partnerships
Collaborations with other remediation professionals leads to more opportunities and an enhanced revenue stream
Small businesses grow in many ways: positive word of mouth from satisfied customers, online and traditional marketing, and through engagement with related businesses. All those are utilized by 1-800 WATER DAMAGE restoration franchise owners. This innovative and affordable brand continues to grow across the United States.
In particular, working with related businesses has proven to be extremely valuable. Whether it’s a plumber, electrician, mover or other company, a 1-800 WATER DAMAGE franchise owner can build, and grow, his or her revenue stream by bidding on and joining projects started by other companies, as well as bringing those partners into the business they land.
A collaborative business that builds quickly
In fact, collaboration and partnership are the cornerstones of what owning a 1-800 WATER DAMAGE is all about. “As part of the BELFOR Franchise Group, franchise owners immediately tap into an onboarding and continuing education and support process that includes engagement with mentors and other owners,” says Tim Fagan, President of 1-800 WATER DAMAGE.
“One reason many entrepreneurs choose to go with a franchise is they don’t want to be out there alone,” Fagan says. “That’s why we have the systems and processes in place to support them well before opening day, and then provide guidance and input as they grow in those important early weeks and months. A big part of that is making sure they can tap into a network of other 1-800 WATER DAMAGE restoration franchise owners. This is so they learn how to find related businesses within their communities to explore partnerships when they make sense.”
Pairing franchise operations further speeds growth
Many 1-800 WATER DAMAGE franchise owners take it a step further and create opportunities through another franchise. For instance, franchise owner Luis Balmaceda already had his own asbestos abatement company. He saw 1-800 WATER DAMAGE as a sensible way to grow that business. Over time that’s exactly what occurred, and he recently has launched a Blue Kangaroo Packoutz contents restoration franchise to capture even more revenue. He credits the support from BELFOR for giving him the confidence to take this next step.
‘BELFOR provides so many different things to help you grow, and so many resources to tap into,” Balmaceda says. “You can leverage what you want, and if you need some help, they are right there to pick up the phone and have a conversation. We had a network, but we had to go out and add to that and also create a new one. They helped us do that, and it made a huge difference right away. They also gave us some jobs and provided some referrals, which also made a big difference early on. BELFOR gives you a lot of confidence. When you go into someone’s office, or home, you have a very big team behind you. I’m not just some small restoration company trying to grow my network, I’m big — I’m BELFOR big!”
A 1-800 WATER DAMAGE franchise is one of the most affordable businesses to own in the property restoration industry. The total investment for a standard franchise ranges from $102,422 to $191,987. These costs include everything from equipment, vehicles and access to our state-of-the-art training platform. You also have the option to convert your existing business with an investment ranging from $39,613 to $170,137.